Saturday, 30 May 2015
Last updated 1 day ago
Nov 4 2008 | 9:35am ET
For the second time in as many years, Kohlberg Kravis Roberts is delaying plans to go public. The private equity giant said its plans have been slowed by the Securities and Exchange Commission, which is still reviewing its plan.
KKR will not go public this year as scheduled due to the review process, it said.
Under that proposal, KKR will effectively buy out its European affiliate, KKR Private Equity Investors, which is listed in Amsterdam, with new New York Stock Exchange-listed KKR shares. The deal, announced in July, would value KKR at between $12 billion and $15 billion.
KKR had originally floated a plan to go public last summer, but shelved those plans due to the difficult market conditions at the time, as well as the rocky road faced by the then-newly public Blackstone Group.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…